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An Essential Guide to Bookkeeping: What Every Small Business Owner Should Know

An Essential Guide to Bookkeeping: What Every Small Business Owner Should Know

An Essential Guide to Bookkeeping: What Every Small Business Owner Should Know Facebook Twitter LinkedIn Bookkeeping is a crucial and...
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Small Business Accounting: A 10-Point Checklist for Success

Small Business Accounting: A 10-Point Checklist for Success

Small Business Accounting: A 10-Point Checklist for Success Facebook Twitter LinkedIn Make business accounting a breeze with these practical tipsYour...
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Planning Means Peace of Mind: Top Tax Planning Strategies for Small Businesses

Planning Means Peace of Mind: Top Tax Planning Strategies for Small Businesses

Planning Means Peace of Mind: Top Tax Planning Strategies for Small Businesses Facebook Twitter LinkedIn Stop losing sleep over your...
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Instant Asset Write Off Extension, Energy Bill Relief Headline Federal Budget

Instant Asset Write Off Extension, Energy Bill Relief Headline Federal Budget

Instant Asset Write Off Extension, Energy Bill Relief Headline Federal Budget Facebook Twitter LinkedIn The 2024/2025 Federal Budget has arrived...
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How Much Does it Cost to Hire a Small Business Tax Accountant?

How Much Does it Cost to Hire a Small Business Tax Accountant?

How Much Does it Cost to Hire a Small Business Tax Accountant? Facebook Twitter LinkedIn OverviewThere’s an old saying that...
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Understanding the Right Time to Hire an Accountant

Understanding the Right Time to Hire an Accountant

Understanding the Right Time to Hire an Accountant Facebook Twitter LinkedIn OverviewAccounting is a professional skill that you can outsource...
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Instant Asset Write Off Changes Would Be a Game Changer For Business

Instant Asset Write Off Changes Would Be a Game Changer For Business

Instant Asset Write Off Changes Would Be a Game Changer For Business Facebook Twitter LinkedIn Small and medium-sized businesses will...
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A Quick Guide To Fringe Benefits Tax in Australia

A Quick Guide To Fringe Benefits Tax in Australia

6 Steps to Hassle-Free BAS Lodgements Facebook Twitter LinkedIn Fringe benefits add value to your employment package, offering perks beyond...
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6 Steps to Hassle-Free BAS Lodgements

6 Steps to Hassle-Free BAS Lodgements

6 Steps to Hassle-Free BAS Lodgements Facebook Twitter LinkedIn The quarterly BAS deadline is fast approaching, with the next lodgement...
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The 7 Essential Steps of Payroll Processing

The 7 Essential Steps of Payroll Processing

The 7 Essential Steps of Payroll Processing Facebook Twitter LinkedIn Payroll processing is a vital function for any business, playing...
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Commercial Vehicle Deductions: A Small Business Case Study

Commercial Vehicle Deductions: A Small Business Case Study

Commercial Vehicle Deductions: A Small Business Case Study Facebook Twitter LinkedIn Of the 20 million cars on Australian roads, more...
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Protecting Payroll Data: Practical Steps For Your Business

Protecting Payroll Data: Practical Steps For Your Business

Protecting Payroll Data: Practical Steps For Your Business Facebook Twitter LinkedIn A cybercrime is reported in Australia every six minutes...
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The Ultimate Guide to Choosing the Right Bookkeeping Software for Your Business

The Ultimate Guide to Choosing the Right Bookkeeping Software for Your Business

How to choose the best bookkeeping software for your business  Facebook Twitter LinkedIn In the fast-paced and ever-evolving world of...
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Understanding Fringe Benefit Tax: A Small Business Case Study

Understanding Fringe Benefit Tax: A Small Business Case Study

Understanding Fringe Benefit Tax: A Small Business Case Study Facebook Twitter LinkedIn Far from an additional tax burden to your...
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Christmas Party tax rules and deductions explained

Christmas Party tax rules and deductions explained

Christmas Party tax rules and deductions explained 'Tis the season to be jolly! But nothing deflates Christmas spirit faster than...
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The ATO is increasing its debt collection efforts, and small businesses need to act

The ATO is increasing its debt collection efforts, and small businesses need to act

The ATO is increasing its debt collection efforts, and small businesses need to act "I am unapologetic about our shift...
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Mistakes To Avoid When Registering For An ABN

Mistakes To Avoid When Registering For An ABN

Mistakes To Avoid When Registering For An ABN Facebook Twitter LinkedIn Registering for an Australian Business Number (ABN) is an...
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Fringe Benefit Tax: Record Keeping Tips For Your Small Business

Fringe Benefit Tax: Record Keeping Tips For Your Small Business

Fringe Benefit Tax: Record Keeping Tips For Your Small Business Facebook Twitter LinkedIn Job perks - most businesses offer them...
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Lodging BAS: Commonly Asked Questions From Business Owners

Lodging BAS: Commonly Asked Questions From Business Owners

Lodging BAS: Commonly Asked Questions From Business Owners Facebook Twitter LinkedIn If you're a business owner, chances are you've heard...
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The ATO is cracking down on small business tax debt. Are you ready?

The ATO is cracking down on small business tax debt. Are you ready?

The Australian Tax Office (ATO) has signalled its intent to crack down on collectable tax debt, setting its sights on...
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Take The Leap: Why 2023-24 Is The Perfect Time To Start Your Business

Take The Leap: Why 2023-24 Is The Perfect Time To Start Your Business

It's been a dream, an ambition, a burning passion - the idea of running your own business. There are approximately...
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Business Activity Statements (BAS) for Dummies 

Business Activity Statements (BAS) for Dummies 

When it comes to navigating the world of business and taxes, it’s important to stay on top of your business...
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Strategies for getting paid faster. 

Strategies for getting paid faster. 

Cash flow is the life blood of any small business and managing it is the most important task of any...
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Fringe Benefits Tax (FBT)

Fringe Benefits Tax (FBT)

Why is this important to me as a small business owner?As small business owners struggle to attract and retain their...
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Managing Cash Flow

Managing Cash Flow

Managing business cash flow is undoubtedly the most significant challenge that small business owners face. Cash flow is the lifeblood...
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Payday Super – another burden for the SME business owner 

Payday Super – another burden for the SME business owner 

What is changing?  Last week, Treasurer Jim Chalmers announced that the current pattern of quarterly superannuation guarantee payments will end...
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2023-2024 Federal Budget – what you need to know as a SME business owner 

2023-2024 Federal Budget – what you need to know as a SME business owner 

The Treasurer, Jim Chalmers, has handed down the 2023-2024 federal budget with a raft of measures that will impact small...
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Don’t Get Scammed: Protect Your Business and Profits

Don’t Get Scammed: Protect Your Business and Profits

Don’t lose cash from your business to scammers  The Australian Competition and Consumer Commission (ACCC) has just released its report,...
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Avoid scrambling at tax time

Avoid scrambling at tax time

Tax time can be a stressful time for many individuals, especially those who are not prepared for it. Late tax...
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Five New (Financial) Year Resolutions for 2023-24

Five New (Financial) Year Resolutions for 2023-24

The new financial year is upon us and if you're a business owner it can be either exciting – or...
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FAQ

What is bookkeeping and why is it essential for my business?

Bookkeeping is the process of recording and organising financial transactions for a business. It is essential for several reasons:

• It helps you track your business’s financial health and performance.
• Accurate bookkeeping is necessary for compliance with tax regulations.
• It provides a clear picture of your cash flow, making it easier to manage finances.
• It facilitates informed decision-making and helps secure financing or investment.

Bookkeeping is the process of recording and organising financial transactions for a business. It is essential for several reasons:

• It helps you track your business’s financial health and performance.
• Accurate bookkeeping is necessary for compliance with tax regulations.
• It provides a clear picture of your cash flow, making it easier to manage finances.
• It facilitates informed decision-making and helps secure financing or investment.

Bookkeeping is the process of recording and organising financial transactions for a business. It is essential for several reasons:

• It helps you track your business’s financial health and performance.
• Accurate bookkeeping is necessary for compliance with tax regulations.
• It provides a clear picture of your cash flow, making it easier to manage finances.
• It facilitates informed decision-making and helps secure financing or investment.

Get help when you need it, so you can spend more time achieving your business goals

*Retinue’s payroll service includes the processing of hours and wages rates provided by you. We do not determine award rates for your employees or provide advice on the correct employment status of your employees. It is your responsibility to ensure that your employees are paid correctly and we recommend obtaining advice from specialised employment relations experts.